Gold Has More Potential To Run Ahead of Trump Inauguration - Peter Hug

Gold prices are holding above $1,200 an ounce after hitting a 2-month high Tuesday, and according to Kitco’s global trading director Peter Hug, the metal could see more upside leading up to President-elect Donald Trump’s inauguration on Friday. ‘There’s enough momentum in this market to get it into the $1,222-1,227 range before the inauguration on Friday,’ he told Kitco News. Although he sees more upside ahead, Hug says there’s still not enough momentum to be “absolutely bullish.” ‘But the market is stepping up and the technical pattern looks strong.” February Comex gold futures settled the day at $1,212.90, an ounce up more than 1% on the day. (show less)

Gold prices are holding above $1,200 an ounce after hitting a 2-month high Tuesday, and according to Kitco’s global trading director Peter Hug, the metal could see more upside leading up to President-elect Donald Trump’s inauguration on Friday. ‘There’s enough momentum in this market to get it into the $1,222-1,227 range before the inauguration on Friday,’ he told Kitco News. Although he sees more upside ahead, Hug says there’s still not enough momentum to be ... (read more)

For Pete's Sake!

For Pete's Sake!
From the latest market-making swings to the forward-looking important events that could impact the markets, For Pete's Sake with Peter Hug breaks down the news. He reviews the latest information coming out of North America, Europe and Asia to help you decide how to play the week. Tune in every week to get his key price ranges for gold and find out why he hates to talk about the Fed.

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